Emmanuel Ochayi, Author at Prime Business Africa

Nigerian Naira Vs US Dollar: What To Expect This week?

Naira Gains At N902/$1 In Official Market As Forex Turnover Soars

In a turn of events on Thursday, January 18, 2024, the Nigerian Naira witnessed a surge against the US Dollar, reaching an intraday high of N1261/$1 at the official market. Data from

Emmanuel Ochayi

1 year ago

Business·Latest News

Manufacturers Seek Urgent Action As N2trn Spent On Raw Material Imports Outpaces Exports

Data from the National Bureau of Statistics indicates that manufacturers in Nigeria spent N2 trillion on importing raw materials for production in the first nine months of 2023. The figures reveal a

Emmanuel Ochayi

1 year ago

Markets

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

In an exhilarating market spectacle, the Nigerian equities market notched up its sixth consecutive bullish session, culminating in the All-Share Index surging by 2.04% to an unprecedented 91,896.97 points. The excitement echoed

Emmanuel Ochayi

1 year ago

Nigeria's Non-Oil Exports Face $300m Setback Amid Economic Challenges

Business·Finance & Economy

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

Nigeria witnessed a marginal dip in non-oil export revenue, as figures released by the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni, unveiled a decline from $4.8 billion in 2022

Emmanuel Ochayi

1 year ago

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Latest News

CBN Uncovers Forex Abuses, Vows Stringent Actions

The Central Bank of Nigeria (CBN) exposed widespread infractions and non-compliance with foreign exchange market regulations, prompting a stern commitment to punitive measures in collaboration with relevant agencies. Mrs. Sidi Ali Hakama,

Emmanuel Ochayi

1 year ago

Nigerian Equity Market Records First Gain This Week

Business·Markets

NGX: BUA Cement, Wema Bank, Others Emerge Top Gainers As ASI Breaks 90,000 Points Barrier

In a turn of events, the Nigeria Exchange Limited witnessed a surge, with the All-Share Index (ASI) skyrocketing to 90,063.25 points.

Emmanuel Ochayi

1 year ago

Hoodlums Scare Away Foreign Transport Investors – Truckers

Lukman Shittu, Chairman of the Lagos State Truck and Cargo Operators Committee, declared on Wednesday that the menacing actions of hoodlums are discouraging foreign transport investors from engaging in the transportation business.

Emmanuel Ochayi

1 year ago

Nigeria’s Electricity Tariff Hike: Any Impact On Productivity?

Nigerian Govt Suspends Hike In Electricity Tariffs Amid N1.6trn Power Subsidy

The Nigerian Electricity Regulatory Commission (NERC) has unveiled the 2024 electricity tariffs, showcasing N1.6 trillion subsidy by the Federal Government to prevent tariff hikes. Despite industry indicators signaling a natural rise in

Emmanuel Ochayi

1 year ago

Business·Oil & Gas

Shell Denies Exiting Nigeria Amid Sales Of Its Onshore Asset In Niger Delta

Shell PLC has refuted claims of a complete exit from Nigeria following the sale of its onshore business in the Niger Delta.

Emmanuel Ochayi

1 year ago

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) says 10,166 illegal refineries and crude oil pipeline connections have been destroyed in Nigeria since 2021. NNPCL, GCEO, Mele Kyari made this known when he

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Naira Gains At N902/$1 In Official Market As Forex Turnover Soars

Manufacturers Seek Urgent Action As N2trn Spent On Raw Material Imports Outpaces Exports

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Nigeria’s Non-Oil Exports Face $300m Setback Amid Instability, Economic Challenges

CBN Uncovers Forex Abuses, Vows Stringent Actions

NGX: BUA Cement, Wema Bank, Others Emerge Top Gainers As ASI Breaks 90,000 Points Barrier

Hoodlums Scare Away Foreign Transport Investors – Truckers

Nigerian Govt Suspends Hike In Electricity Tariffs Amid N1.6trn Power Subsidy

Shell Denies Exiting Nigeria Amid Sales Of Its Onshore Asset In Niger Delta

Oil Theft: 10,166 Illegal Refineries, Crude Pipeline Connections Destroyed In Nigeria Since 2021 – NNPCL

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